Rochester Contemporary Art Center Inc

Analysis

Rochester Contemporary Art Center Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Rochester Contemporary Art Center Inc reported income of $552k and spending of $361k, leaving 35% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $493k to $552k (+12%), an average of +2.3% a year. The sharpest change came in the year to May 2022, when income rose by 60%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rochester Contemporary Art Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Texas Czech Heritage and Cultural Center Inc ($552k), Trilogy Cultural Arts Centre ($552k) and Utah Music Educators Association ($551k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 37% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $91k (25% of expenses). Other salaries and wages came to $63k. At year end it held assets of $2.8m against liabilities of $9,416, net assets of $2.8m. It reported 3 employees.